Europa Group Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10715379 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

EUROPA GROUP INVESTMENTS LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Frankel

C E Josefovitz

M Rothbart

REGISTERED OFFICE:

83 Egerton Road

London

United Kingdom

N16 6UE

REGISTERED NUMBER:

10715379 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

5

3,685,134

3,067,691

CURRENT ASSETS

Debtors

27,154

56,639

Cash at bank

231,196

161,112

258,350

217,751

CREDITORS

Amounts falling due within one year

4,035,269

3,366,067

NET CURRENT LIABILITIES

(3,776,919

)

(3,148,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(91,785

)

(80,625

)

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

9

(91,788

)

(80,628

)

SHAREHOLDERS' FUNDS

(91,785

)

(80,625

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 30 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorized for issue by the Board of Directors on 29 January 2020 and were signed on its behalf by:

J Frankel - Director

1.	STATUTORY INFORMATION

Europa Group Investments Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

3,067,691

Additions

617,443

At 30 April 2019

3,685,134

NET BOOK VALUE

At 30 April 2019

3,685,134

At 30 April 2018

3,067,691

6.

LOANS

An analysis of the maturity of loans is given below:

30.4.19

30.4.18

£

£

Amounts falling due within one year or on demand:

Bank loans

2,902,636

2,206,233

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Bank loans

2,902,636

2,206,233

Bank loans are secured by first charge over investment property of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

3

Ordinary

£1

3

3

9.

RESERVES

Retained

earnings

£

At 1 May 2018

(80,628

)

Deficit for the year

(11,160

)

At 30 April 2019

(91,788

)